Participant Plan Other Information - Flags tab

Discrimination Only

Select this check box if the participant is eligible for but not participating in the Plan and should be included in the discrimination testing process. Statements will not be sent to these participants even if there is an account balance. This field is used for billing purposes only.

Optional

Five Percent Owner

Select this check box if the participant owns more than 5% interest in an employer in one of the following ways:

1.     The stock of a corporate employer

2.     The voting power in stock of a corporate employer

3.     The capital or profits interest of a non-incorporated employer.

Optional

Ten Percent Owner

Select this check box if the participant owns more than 10% interest in an employer in one of the following ways:

1.     The stock of a corporate employer

2.     The voting power in stock of a corporate employer

3.     The capital or profits interest of a non-incorporated employer.

Optional

Company Officer

Select this check box if a participant is an executive, key employee or highly compensated employee who is employed and has continued service with an employer.

Optional

Shareholder Employee

Select this check box if the employee owned more than 5% of the corporation's stock at any time during the year.

Optional

Owner Employee

Select this check box if the person is a sole proprietor or partner owning more than 10% of either the capital interest or profits interest.

Optional

Among 10 Highest Paid

Select this check box if a participant is one of the 10 employees owning the largest number of shares of the employer and having compensation in excess of the annual defined contribution limit.

Optional

Key Employee

Select this check box if a participant is a key employee.

Optional

Prohibit Restricted Stock Trades

Select this check box to indicate that this participant is an "insider" and cannot trade or buy funds specified in the Setup > Funds > Blackout Periods option.

Optional

Allow Diversification

Select this check box to indicate that the participant has attained the status necessary to be exempt from any investment election restrictions imposed by the Plan.

See also: Advanced Features

Optional

Enrollment Record

Select this check box to permit a participant to access the Participant Site for the purpose of entering demographic information.

Optional

Non-Resident Alien

Select this check box if the participant is a non-resident alien.

Optional

Non Owners requesting 401(a)(9) MRD

Select this check box if

1.     a participant is grandfathered (birth date before 1918 and is not a 5% owners) and still wants to receive a minimum distribution

or

2.     a participant is active, over 70.5, and would still like to receive a minimum distribution.

Optional

Union Employee

Select this check box if the participant is a union employee.

Optional

Subject to Collective Bargaining

Select this check box if the participant is subject to collective bargaining.

Optional

Electronic Authorization

Select this check box if the participant has submitted an Electronic Signature Authorization Form (ESAF).

Optional

Include in Multiple-Plan Rebalance

TSM SmartClient selects this check box automatically when this option is selected on the Setup > Plans > Plan - Other tab. If the check box is not selected and you want to include this individual participant in the multiple Plan rebalance process, select it here. Note: For the participant to be included in reallocations on the Multiple Plan Reallocations window, you must select this check box, as well as the identical check box on the Setup>Plans>Plan - Other tab.

Optional

Segregated Accounting

Select this check box to differentiate a participant's account from other participant's accounts. If the participant is flagged as 'Segregated Accounting', then you can exclude these participants from eligibility updates by selecting this check box on the Setup>Plans>Participant Eligibility Rules window.

Optional

Management Accounting

Select this check box to designate this participant as part of a management account in order to define a separate account for that participant. If the participant is flagged as 'Management Accounting', then you can exclude this participant from eligibility updates by selecting this check box on the Setup>Plans>Participant Eligibility Rules window.

Optional

Excluded Service Group

Select this check box to include this participant as a member of an excluded service group. An excluded service group is used in cross testing for comparability purposes.

Optional

Family Number

Enter the number of participants if a participant is within the same family unit. TSM SmartClient uses this number for family aggregation.

Optional

Ownership

Optional